Surging Silver Price Spurs Cantor to Flag Options Opportunity
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Silver’s spectacular rally this week may offer trading opportunities in equities.
Prices spiked more than 16% in the past few days to an almost seven-year high as a resurgence in coronavirus cases, slowing growth and a weak U.S. dollar sparked demand for havens. To strategist Eric Johnston of Cantor Fitzgerald that’s a good sign for the Industrial Select Sector SPDR Fund. He recommends a long trade using August call options.